Visa Reports Fiscal Fourth Quarter and Full-Year 2010 Financial Results

Visa has announced financial results for its fiscal fourth quarter and full-year 2010 which ended September 30, 2010 with GAAP net operating revenue for the quarter of $2.1 billion, an increase of 13% over the prior year and driven by "strong contributions across all revenue categories, in particular data processing and international transaction revenues." GAAP net operating revenue in the full-year was $8.1 billion, an increase of 17% over the prior year.

Some quarterly highlights:

• Payments volume growth, on a constant dollar basis for the three months ended June 30, 2010 on which fiscal fourth quarter service revenue is recognized, was a positive 14% over the prior year at $802 billion.
• Payments volume growth, on a constant dollar basis, for the three months ended September 30, 2010, was a positive 14% over the prior year at $828 billion.
• Cross border volume growth, on a constant dollar basis, was a positive 16% for the three months ended September 30, 2010.
• Total processed transactions, which represent transactions processed by VisaNet, for the three months ended September 30, 2010, totaled 12.1 billion and were a positive 16% increase over the prior year.

A conference call replay, presentation and more detailed operational performance data are available online.